The numbers: A persistent lack of existing-home listings pushed more home buyers to consider newly built homes, prompting home builders to ramp up construction of new homes in July.
Construction rose 3.9% last month, as home builders sought to fill Americans’ need for homes.
So-called housing starts rose to a 1.45 million annual pace from…
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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…
